In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the "Survey of Italian Households' Income and Wealth," a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …

This paper analyzes the determinants of the wealth decumulation behavior of the retired elderly in Japan using unique … bequest motives in explaining the lower than expected rates of wealth decumulation of the retired elderly. Taken together, our … expected wealth decumulation rate of the retired elderly, at least in the case of Japan, even though both precautionary saving …

To help shed light on the implications of intergenerational transfers for wealth inequality, this paper examines … widening of wealth disparities. However, such a tendency is found to be stronger among less better-off households in both … countries, and this may help alleviate the disequalizing effect of intergenerational transfers on the distribution of wealth, at …